Chinese Copper Bar Plateaus

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Metal Prices, Premium

Chinese copper bar remained essentially flat on Tuesday, May 14 at CNY 55,000 ($8,949) per metric ton. The cash price of Chinese copper ended a two-day climb, settling at CNY 55,200 ($8,981) per metric ton. The price of Chinese copper wire flattened at CNY 53,990 ($8,784) after two days of improvement. The price of Chinese bright copper scrap remained steady at CNY 44,430 ($7,229) per metric ton.

The price of US copper producer grade 122 saw little movement on Tuesday, closing out around $4.03 per pound. After a couple of days of improving prices, the Japanese copper cash price held steady at JPY 776,000 ($7,633). The price of US copper producer grade 102 saw little change in its price yesterday at $4.22 per pound. The price of US copper producer grade 110 showed little movement yesterday at $4.03 per pound.

On the LME, the 3-month price of copper remained essentially flat at $7,378 per metric ton. The primary copper cash price held steady yesterday on the LME, remaining around $7,350 per metric ton.